This is a re-post of my own comment on another of my blog posts (okay, I'm vain) [more]
The biggest pyramid scheme ever is going to be U.S. social security. Let me start by saying social security is a good thing - super important [more]
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...and I hate to have fun at anyone else's expense. However, I love watching those soft rock infomercials, like the current one featuring Air Supply. My favorite part is when they say things like "Wow: what great memories" while their tone says "Wow: I can't believe mounting debts have reduced me to doing an infomercial where I fawn over second-rate acts like 10CC." [more]
...based on valuation. But why, since it is lower than where I ended it? Good question. I will give you an example, and for the sake of simplicity and grasping the concept more readily, I will use the unrealistic premise of a perfectly flat S&P 500. [more]
According to this article. I asked DWI about this, and he said he thought they might be. I'll have to post this link on his blog. [more]
(Someone mentioned something about healthcare being a fundamental human right.) [more]
Apparently CAPS thought I wasn't grateful enough for my favorites page. Now I can't access it at all.
Here are the before and after pictures for a L'oreal hair dye ad that didn't spike sales as much as they had hoped.
...but when I googled (actually on Yahoo!) the term "silver bear case" all I got was ammo and a cafe.
(Actually, I also got some silver bugs, the opposite of what I was looking for.)
Disclosure: I own call options in silver miners Lundin Mining (LMC) and Coeur D'Alene (CDE).
I ended all my "subprime" gold and silver picks (at least, I ended all the ones I saw that were <4 stars, as well as Barrick, about which I read something unflattering on dwot's blog). I have always believed that gold and silver companies are, by and large, some of the worst-run companies, even worse than airlines. However, I think that we are about to experience superinflation in the U.S. making gold and silver increase even more than inflation as panicky investors try to find a way to protect the value of their assets, and that even the worst gold and silver mining stocks would find their way up in the great inflated helium blimp that is this economy. [more]
I ranted in an article here against buying ultrashort ETF's to play the coming economic hardship, stating that there will be severe inflation accompanying that economic stress, and demonstrating how real returns can be severely negative for both the S&P 500 and the ultrashorts of the S&P 500 simultaneously. [more]
It's kind of embarrassing to have called myself FleaBagger, because I feel like I must be the only top 300 player who doesn't have a bagger. As of this writing, Sociedad Quimica y Minera (SQM) has got me 99.88 points, so I'm within a hair of having that purple badge (if I remember the color correctly from better players' pages). The problem is, I feel like SQM is no longer the best place for my CAPS money, and I have 200 picks. So I kind of want to take my CAPS gain on it and split for a less overheated stock. (I got a zillion ideas.) [more]
I'm starting an account, and the pricing looks really good. I don't want to have my money tied up in a substandard broker right now if it's not very good, though. Anybody have any experience with Trade King that they can share?
I followed the Finish Line/Genesco/UBS thing with some interest (I bought call options in GCO), so I feel like I know pretty well how these buyout lawsuits go. You make a deal, you break your word and reneg on your contractual obligation, you whine about it to a judge, who is procedurally obligated to let you go on whining for approximately 3,482 years, and then the counterparty drops the subject, like a better-raised child confronted with a brat and an injudicious adult. [more]
Does anybody else use their favorites page? I add people to it, but I usually use the search players field to find someone (because I usually use a computer that's slow as two overweight grandmas with a bad hips in a sack race through a fen). The fewer screens I need to change to get to something, the better. [more]
I was going through my old picks, ending some of the ones that I think are bad or mediocre (and was tempted to hold on for them to cross one of the accuracy thresholds); I was about to end Suburban Propane just because it was a long time ago, it's losing pretty badly, I don't know much about it and haven't thought about it in months. But something reminded me that it's a high-yielding stock, so I took another gander at its numbers. Geez, those numbers are amazing. High debt, but it's fueling a 60+% ROE, huge cash flow, a 7+% yield, and so on. [more]
Mom told me never to do anything that I wouldn't want to see on the front page the next day. Well, I'm so jazzed about being on the front page, I don't think that rule rules out anything. I made CAPS's front page! Feel free to picture me doing my rich, fat man dance of glee, jowls flapping wildly.
By the way, I may be biased, but I think my article's graphic is cooler than most I've seen so far.
Why do they wait so long to announce the contests on the front page?
I've always been of the impression that a single man can do well investing in a house and renting out two or more rooms. Is this a good or okay time to buy a home in foreclosure and rent it out for fun and profit? I would appreciate comments from people who have done this before, as well as people who have thought it through without any personal experience (heck, I'll even welcome comments from people cracking wise - I can't delete them on CAPS, anyway).
Who am I kidding? I wanted to remind you, too, because I am vain. This is part of what I wrote in my first blog post: [more]
I'm bullish on both Manpower (MAN) and Barrett (BBSI), long-term, and I own a small position in Barrett and can (and probably will) buy Manpower shares at a discount to the lower of either their Jan 2, 2008 opening price or their Dec 31, 2008 closing price. I think that a recession may actually help staffing companies, as the whole lay-off, unemployment, taking-whatever-you-can-get-so-you-can-feed-your-family thing is good for a temp agency, which gets paid to make stopgaps in a bad employment situation. [more]
I am not going to buy ultrashorts, even though I think the economy is bad now and going to get much worse. "Why not?" I hear you asking. Well, quite simply, no matter how much the real value of the stock market goes down, the value of the dollar can go down just as much. "So?" So allow me to illustrate what will happen if you invest in QID (an ultrashort ETF promising double the inverse of the Nasdaq 100) and the real value of the Nasdaq 100 goes down 10%, and the value of the dollar goes down 10%. [more]
Exxon made $11.7B last quarter, and $40.6B last year, more than they're ever made before. [more]
For months I have relied on The Motley Fool to provide me with up-to-date, insightful investment advice, and now they tell me they're just going to leave me hangin'? This is outrageous! I totally disagree with their premise, and who would want to play a serious strategy board game with an avowed rule breaker? (On the other hand, I did find this article on spatulas very informative and well-written.) [more]